FASB adds OIS as a hedge accounting benchmark interest rate
Posted by mostafa on 17 July, 2013
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The FASB has issued ASU 2013-10, which adds the Overnight Index Swap Rate (OIS) as a US benchmark interest rate for hedge accounting purposes. Previously, only the direct Treasury obligations of the US government (UST) and the London Interbank Offered Rate (LIBOR) swap rate were used.